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18387 W Clinton Street Surprise, AZ 85388

5 Beds 4 Baths 2,825 sqft Built 2020

$438,017

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $155.05
  • 8 Days on Market
  • MLS # : 6152154
  • Updated Date : 10/27/2020 at 05:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,825 sqft
  • Baths : 4 full
Listing Agent

Woodside Homes Sales Az, Llc

Listing Agent's Description

December 2020 Move-in! The Madera plan features 5 bedrooms, 4 bathrooms, and an upstairs loft! Impress your guests with an upgraded gourmet kitchen, which includes white painted shaker cabinets, granite countertops, stainless steel appliances with built in wall-oven and gas cooktop, and large kitchen island! Enjoy elegant design features, such as trendy 6x24 wood look tile throughout, upgraded carpet upstairs and in the bedrooms, and 8 Ft. interior doors. Unwind in your private master oasis, featuring separate tub and shower, dual sinks, and large walk-in closet!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surprise

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Surprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9791673

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mountain View Elementary School Primary Regular 1,124 49 5
Mountain View Elementary School Middle Regular 1,124 49 5
Shadow Ridge High School High Regular 1,735 77 4

Mountain View Elementary School

  • Education Level: Primary
  • # of students: 1,124
  • # of teachers: 49
5
GreatSchools Rating

Mountain View Elementary School

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 49
5
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$394,215$481,819$438,017

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,616
Property Tax -$305
Property Insurance -$82
HOA -$89
Property Management Fees -$99
CASH FLOW
-$231

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$438,017

PROJECTED PRICE

$1,960

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,075

INVESTMENT

$118,075

Down Payment
$109,504
Rehab Estimate
$2,000
Closing Costs
$6,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,616

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,504
Loan Amount $328,513
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$12,112

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,893

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6853$1,8354$1,8505$1,985
$1,985
RENT COMPS ANALYSIS
  • 18387 W Clinton Street Surprise, AZ 1
    • 5 beds 4 baths ∙ 2,825 Sqft ∙ Built 2020 5 beds 4 baths ∙ 2,825 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18050 W Turquoise Avenue Waddell, AZ 2
    • 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.63
    •  
  • 18654 W Carol Avenue Waddell, AZ 3
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.67
    •  
  • 18652 W Vogel Avenue Waddell, AZ 4
    • 5 beds 3 baths ∙ 2,910 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,910 Sqft ∙ Built 2006
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.64
    •  
  • 19017 W Yucatan Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2018
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.74
    •  
PROPERTY LISTING DETAILS
Beth S. March
Woodside Homes Sales Az, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152154
Last Updated: 10/27/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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